Light At The Tunnel For The Gloves Industry?

Dr Supramaniam Shanmugam, President, MARGMA

20-Dec-22 07:45

Light At The Tunnel For The Gloves Industry?

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The glove industry rose like a phoenix in 2020 where it was the strongest beneficiary of the Covid-19 pandemic. The sharp expansion in average selling prices led to many small players jumping on the bandwagon, and even saw the rise of China as a glove manufacturer. Now, however, the industry has since fallen hard and is now reeling from overcapacity issues, deteriorating average selling prices and rising gas prices. What does the future hold for glove makers and when will the supply demand dynamics achieve equilibrium? For more insight, we speak to Dr Supramaniam Shanmugam, President, MARGMA.

Image credit: Shutterstock

Produced by: Chong Tjen San

Presented by: Shazana Mokhtar, Wong Shou Ning, Chong Tjen San

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Categories: Corporates

Tags: malaysian glove industry,

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